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Productivity puzzle? Financialization, inequality, investment in the UK

Productivity puzzle? Financialization, inequality, investment in the UK

Onaran, Özlem ORCID: 0000-0002-6345-9922 and Tori, Daniele (2017) Productivity puzzle? Financialization, inequality, investment in the UK. [Working Paper]

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Abstract

According to econometric estimations using firm balance sheets of the publicly listed companies in the UK, in large non-financial corporations (NFCs), investment rate would have been 16% higher without the rise in financial payments, and 41% higher without the increasing financial incomes, and in the small NFCs, investment would have been 35% higher without the rise in financial incomes.

Item Type: Working Paper
Uncontrolled Keywords: Financialization; Investment; Non-financial sector; Firm data; UK; productivity puzzle,
Subjects: H Social Sciences > HG Finance
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Last Modified: 08 Feb 2017 10:24
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/16129

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